The changing fortunes of Finland’s Nokia


Here’s a look at Nokia’s altering face after it agreed to sell its telephone business and license for its patents for 5.44 billion euros to Microsoft .

  • Named in 1871 after the Nokianvirta river where mining engineer Fredrik Idestam set up his second paper mill, Nokia spent greater than a century making tyres, boots or cables earlier than producing the first handheld mobile phone, the Mobira Cityman, in 1987.
  • Nicknamed the “Gorba” after former Soviet chief Mikhail Gorbachev was once pictured the usage of one, it weighed a thumping 800 grams and carried an even more daunting price tag – 24,000 Finnish marks (four,650 euros).
  • In 1992, Nokia sold off its non-mobile divisions and launched its first digital handheld GSM phone, the Nokia 1011.
  • the elemental Nokia 1100, launched in 2003, was once a runaway hit, moving 250 million gadgets, making it no longer just the sector’s best-selling cellular, however the preferred consumer electronics instrument of any variety.
  • Nokia remained the world’s biggest dealer of mobile phones except knocked off the top spot by means of Samsung in 2012, nevertheless it lost its lead in the beneficial smartphone market a 12 months previous, having been on the back foot since the launch of Apple’s iPhone in 2007.
  • Nokia picked up the percent of product launches in 2013, including the disclosing of its Lumia 1020 with a forty one-megapixel camera. also this year, it announced a 15-euro telephone, its cheapest phone ever.
  • Even supposing Nokia additionally stated in July it had shipped 7.4 million Lumia smartphones in the quarter, up 32 % from Q1, it used to be fewer than the 8.1 million gadgets analysts had anticipated. Nokia now boasts handiest around 15 % of the handset market share, with an even smaller three percent share in smartphones.

Author: Rohit Shetty

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